...then September and October get choppy (supply, seasonals, midterms)
PremiumAll else equal, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, says he is sticking with the view that the path of least resistance for S&P is higher in August...But, then September and October get choppy (supply, seasonals, midterms)...Q2 earnings.
...faster money came into this month with a cleaner hand, and higher prices have triggered re-engagement.
...the durability of the US economy, superb earnings growth and unrelenting household sponsorship... versus a more complicated AI…
"...expect a bit more turbulence and gaps..."
the market is clearly distinguishing between those who are receiving the checks and those who are writing the checks...
...the summer is going to be a bit trickier...
...as we edge closer to summer liquidity conditions, I’d give some thought to what a serious momentum reversal would mean for…
